Data is a strategic asset, and you can harness it
We live in a data-driven world. For Fortune 500 companies, the value of data is clear and compelling. They invest millions of dollars annually in information systems that improve their performance and outcomes. Independent businesses, cooperatives and nonprofit organizations have the same need for data but haven’t had as many tools at their disposal. At CoMetrics, our mission is to change that paradigm.
The powerful CoScore provides a consolidated and easy-to-use view of organization performance across a cohort of enterprises, combining both financial and non-financial data. This tool gives you the opportunity to monitor risk, identify high performing enterprises and highlight areas to improve while creating opportunities to share and learn best practices.
Our Benchmarking tools allow each independent enterprise to drill down and analyze their performance in the context of their peers. Metrics are color coded, highlighting areas of relative success as well as potential opportunities to improve.
With the CoMetrics Trends tool, enterprises have the ability to view and monitor detailed financial and operational trends over time. We have found that the Trends tool allows enterprises to save valuable time and resources devoted to tracking important financial and operating metrics in order to focus their attention on generating insights to drive positive performance.
We believe that data is only as valuable as the strategy that drives its use. That is why our first step with every partner is working with you to identify and understand how data could create tangible value within your organization or enterprise. For example, CoMetrics has a proven track record of using data to strengthen organizations and sectors by :
- Building practice communities
- Revealing best practices
- Leveraging purchasing power
- Improving operations
- Making data-informed decisions that yield powerful results
- Improving risk management of a portfolio of investments
- Supporting collaborative buying or collective action
Anonymity and Security
CoMetrics users and partners have the ability to customize anonymity and privacy settings depending on the needs of the cohort. We are transparent about our security policy and are committed to maintaining our industry-standard encryption, secure data center, high-quality firewalls, data isolation, and complex passwords.[Click here to learn more]
We couldn’t have been successful without CoMetrics. It was key to demonstrating our understanding of the market and convincing lenders that we were a creditable bet.
Lexington Food Co-op